RON 97 price to be floated

Petrol, diesel, LNG, LPG, NGV, fuel consumption, petrol & diesel price, petrol & diesel subsidy, rebate and etc etc

RON 97 price to be floated

Postby admin » Thu Feb 19, 2009 8:34 am

KUALA LUMPUR: The price of premium grade petrol RON 97 will be floated according to international oil prices from July.
It is understood that oil companies briefed their retailers this week that there will also be changes to grades of fuel sold at pumps.

Several retailers said the "regular" grade RON 92 fuel would be phased out and a new grade, RON 95, would be introduced, in addition to RON 97.

The retailers said there would be a subsidy on the price of RON 95 fuel used by a majority of cars in Malaysia.

Diesel would be upgraded to European standards, most probably the Euro 2, allowing the introduction of more vehicle models with advanced diesel engines in Malaysia, they added.
While it remains below the Euro 4M class of diesel fuel, the Euro 2 diesel has significantly lower sulphur content.

National oil company Petronas is expected to lead the way in selling biodiesel fuel. The other oil companies are expected to follow later.

Malaysia spent some RM40.5 billion on fuel subsidies from 2005 to last year.

The government has been working on a formula to reduce the amount of government subsidy on petrol while keeping negative impact from the swaying international crude oil prices to the minimum.

Read the full article:
http://www.nst.com.my/Thursday/National ... index_html
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RON97 petrol to cost more when RON95 is introduced

Postby admin » Sat Feb 21, 2009 1:00 am

PUTRAJAYA: The price of premium grade petrol RON97 will be increased when the Government introduces RON95 to replace RON92 in July.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said this would encourage more people to use RON95.

“The Government intends to subsidise more on RON95 to make it the same price with RON92,” he told a press conference yesterday.

The prices of RON95 and RON97 would be known in July.

Currently, Shahrir said, 80% of motorists used RON97 and the others RON92.

“In fact, RON92 is suitable for most vehicles but it is not as popular as RON97.

“Our way is to subsidise more of RON95 and reduce the subsidy for RON97 so that more consumers will opt for the former,” he said.

However, he said the Government did not plan to float the price of RON97.

“We will increase the price of RON97 reasonably when RON95 is introduced but if we use the floating system for RON97, its price will immediately increase by 50 sen,” he said.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
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